6th Annual Conference 2018

Coping with spillovers from policy normalization in advanced economies

DAY 1
September 27, 2018

​POSTER SESSION
A pseudo-panel approach in measuring the marginal propensity to consume out of income and housing wealth for Albanian households.

• Elona Dushku, Ola Çami; Bank of Albania 

Are capital controls effective at reestablishing monetary policy independence? Evidence from Colombia.

• Daniel Dias, Yi Huang, Hélène Rey, Miguel Sarmiento; Central Bank of Colombia.

Foreign Direct Investment in Western Balkans: What is the Right Approach to The Puzzling Panel?

• Bojan Baškot; Central Bank of Bosnia and Herzegovina.

Is foreign lending by local financial institutions affected by monetary policy changes in source countries?

• Paola Morales-Acevedo; Central Bank of Colombia.

Measuring sensitivity of exports to Global Value Chains and to exchange rate in emerging and developing economies.

• Dorsaf El Bir; Central Bank of Tunisia.  

Spillovers from USA monetary policy shocks.

• Marcia Murillo, Marco Vega; Central Reserve Bank of Peru.  

The effects of external shocks on Azerbaijan economy.

• Nijat Guliyev; Central Bank of the Republic of Azerbaijan.                    

​
WORKSHOP PANEL 1: Drivers of bank profitability
Determinants of bank profitability in emerging markets.

• Emanuel Kohlscheen, Andrés Murcia, Julieta Contreras; Central Bank of Colombia.        

The influence of monetary policy on net interest margins: evidence from Albania.

• Meri Papavangjeli, Adela Bode, Besa Vorpsi; Bank of Albania.              

Comments by: Cédric Tille, the Graduate Institute 
                          
WORKSHOP PANEL 2: Transmission channel
Assessing the effect of US monetary policy normalization on Latin American economies.

• Fernando Pérez; Central Reserve Bank of Peru. 

Has the crisis changed the monetary transmission mechanism in Albania? An application of kernel density estimation technique.

• Altin Tanku, Kliti Ceca; Bank of Albania

Comments by: Matthieu Bussière, Bank of France 

WORKSHOP PANEL 3: Macroprudential tools
Impulse responses to the “Normalization of Monetary Policy” on Mediterranean region: DSGE and FAVAR analysis.

• Hager Ben Romdhane; Central Bank of Tunisia 

Reserve requirements as a financial stability instrument.

• Carlos Cantu, Rocio Gondo, Berenice Martinez; Central Reserve Bank of Peru.

Comments by: Eric Jondeau, University of Lausanne  

EVENING PRESENTATION 
Gian Maria Milesi-Ferretti, IMF 

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Day 2
September 28, 2018

KEYNOTE PRESENTATION
Marcel Fratzscher, German Institute for Economic Research (DIW)

POLICY PANEL 1: How do rising rates in advanced economies impact emerging countries?

• Chair: Ugo Panizza, the Graduate Institute
• Gianluca Benigno, London School of Economics & Political Sciences          
• Jorge Toro, Central Bank of Colombia                                   
• Livio Stracca, European Central Bank

• Renzo Rossini, Central Reserve Bank of Peru                                                           

 
POLICY PANEL 2: What tools can emerging economies use in an environment of rising rates?

• Chair: Cédric Tille, BCC & the Graduate Institute
• Gian Maria Milesi-Ferretti, International Monetary Fund (IMF)

• Khagani Karimov, Central Bank of the Republic of Azerbaijan                                          
• Matthieu Bussière, Bank of France

• Rym Kolsi, Central Bank of Tunisia                                                                         

POLICY PANEL 3: How should monetary, fiscal and financial policies be coordinated?

• Chair: Alexandre Swoboda, the Graduate Institute
• Belma Čolaković, Central Bank of Bosnia and Herzegovina                       
• Dubravko Mihaljek, Bank for International Settlements (BIS)                                    
• Hynek Hrebicek, Economist OGResearch                                                             
• Thomas Moser, Swiss National Bank